Fanuc Set to Announce Quarterly Earnings on October 24
Fanuc Corporation is scheduled to release its quarterly earnings report on October 24, 2023, before the market opens. Analysts anticipate that the company will report earnings of $0.13 per share, alongside total revenue of $198.1895 billion for the quarter.
In its previous earnings announcement on July 25, 2023, Fanuc reported earnings of $0.14 per share, exceeding the consensus estimate of $0.13 by $0.01. The company had revenue of $1.34 billion, slightly below the consensus estimate of $1.35 billion. For the current fiscal year, analysts project Fanuc to report $0 earnings per share, with the same expectation for the next fiscal year.
Stock Performance and Market Insights
On October 23, 2023, shares of Fanuc opened at $15.67. Over the past year, the stock has experienced a low of $10.54 and a high of $16.19. The company’s 50-day moving average stands at $14.67, while the 200-day moving average is $13.70. Fanuc currently holds a market capitalization of $30.79 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 3.93, and a beta of 0.71.
Fanuc is recognized for its extensive range of factory automation products, serving markets in Japan, the Americas, Europe, China, and other regions globally. Its offerings include CNC series products, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire electrical discharge machines, and ultra-precision machines.
As the company prepares to announce its quarterly results, analysts will be closely monitoring the figures to gauge Fanuc’s performance in the competitive industrial automation sector.
